NEL ASA (OSL:NEL)

kr 2.71 -0.080 (-2.87%) Market Cap: 4.98 Bil Enterprise Value: 3.30 Bil PE Ratio: 0 PB Ratio: 1.02 GF Score: 65/100

Q1 2025 Nel ASA Earnings Call Transcript

Apr 30, 2025 / 06:00 AM GMT

Release Date Price: kr2.22 (-4.30%)

Transcript

Key Points

Positve

NEL ASA (NLLSF) reported a record high PEM order intake, indicating strong demand for their containerized PEM solutions.
The company has a robust cash balance of 2 billion NOK, providing financial stability.
NEL ASA (NLLSF) has signed a significant collaboration agreement with Samsung ENA, making Samsung ENA its largest shareholder.
The company is investing heavily in R&D to develop next-generation alkaline and PEM technologies, which could lead to future growth.
NEL ASA (NLLSF) has a global sales and office network, positioning it as a preferred partner for industry leaders.

Negative

Revenue from contracts with customers declined by 69% compared to the first quarter of the previous year.
The company reported an EBITDA loss of 115 million NOK, indicating financial challenges.
There is a temporary halt in production at the Hado facility, impacting the production of alkaline electrolyzers.
The order backlog decreased to 1.46 billion NOK due to the removal of certain contracts, indicating potential project cancellations.
The company faces challenges in the US market due to uncertainties around the Inflation Reduction Act and associated subsidies for green hydrogen.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NEL.OL - Nel ASA
Q1 2025 Nel ASA Earnings Call
Apr 30, 2025 / 06:00AM GMT

=====================
Presentation
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Unidentified_1 [1]
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Good morning from Oslo.

The NE team consisting of a CFO Celt Bjornsen, head of investor relations and communication Wilhelm Flinder, and me, Hoon Waldelll, CEO, are ready to present our first quarter 2025 results.

We have the following agenda.

Shortly, about now, then we move on to the Q1 highlights. We have a commercial update with the recent, contract wins and also more general comments about the current state of the hydrogen market. We will touch on technology and some updates on our development efforts, and we'll round it off with the partnership update and the usual Q&A.

And Nell is a fully dedicated electrolyzer technology company founded in 1,927 and listed on the Oslo Stock Exchange in 2014. We have sold more

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